People & Markets - All Articles

  • Helaba raids NordLB for two more new hires

    Two more bankers have ditched NordLB to take on DCM roles at Helaba, as the firm looks to expand its covered bond business.

    • 29 Jun 2020
  • Citi appoints Antill to lead new public sector solutions unit

    Citi has created a cross-border and public sector solutions (XPS) team, which will be headed by Valentina Antill globally, with Abhishek Kapur taking charge of Asia Pacific.

    • 26 Jun 2020
  • Daiwa hires former Barclays MTN banker to cover Walsh absence

    Daiwa Capital Markets has hired Chris Hill, former EMEA head of MTNs and structured notes at Barclays, to cover for Jez Walsh, SSA syndicate head, who has taken a leave of absence.

    • 26 Jun 2020
  • HSBC names Sherani EMEA debt syndicate head

    Asif Sherani and Souhail Mahjour are taking on additional responsibilities in HSBC’s debt capital markets syndicate team.

    • 26 Jun 2020
  • EIB might give banks the jolt they need on climate

    The weakness of communication along the capital markets chain is one reason why so little progress has been made on greening the economy.

    • 25 Jun 2020
  • EIB considers setting climate standards for bank partners

    The European Investment Bank is going through intense discussions — both internally and externally — about its plan to become the EU’s Climate Bank. NGOs are accusing it of “backtracking” and demanding it sets sustainability criteria for the companies and banks it works with, but the EIB insists it is listening to concerns and will reveal more of its plans later this year.

    • 25 Jun 2020
  • ECB minutes to put BVG spat to bed

    Minutes of the European Central Bank’s meeting at the beginning of June, released this week, cooled investor worries about the tensions between it and the German Constitutional Court (BVG).

    • 25 Jun 2020
  • Wealth funds urged to end inaction on climate

    Sovereign wealth funds are not using their huge resources to tackle climate change, and are therefore impeding the world's efforts to meet the goals of the Paris agreement, the Organisation for Economic Cooperation and Development has warned.

    • 25 Jun 2020
  • People moves in brief

    Bagshaw heads to HSBC, Deutsche replaces him — Citi's Kemp retires — Karolev moves to JP Morgan

    • 25 Jun 2020
  • Amicable resolution to ECB and BVG spat anticipated

    The European Central Bank is now expected to find a means of meeting the request from Germany's Federal Constitutional Court (BVG) for proportionality assessments without curtailing its ability to expand its quantitative easing programmes.

    • 24 Jun 2020
  • UK crisis response: it ain’t over yet

    The UK may be loosening social restrictions as the rate of coronavirus infections abates, but the Bank of England and the government cannot let up the fight against the economic and market impact of the virus.

    • 23 Jun 2020
  • Goldman SSA banker leaves to join buy-side

    George Sager has left Goldman Sachs, where he had spent 10 years on the syndicate desk in London focusing on sovereign, supranational and agency borrowers.

    • 23 Jun 2020
  • Bailey hints at Bank of England monetary policy U-turn

    Andrew Bailey, the governor of the Bank of England, has hinted at a dramatic reversal of the central bank’s long-standing monetary policy strategy, with the idea that it would be better to reduce the stock of its asset purchases before raising interest rates.

    • 22 Jun 2020
  • EuCo debates recovery fund

    The European Commission proposal for a debt-financed coronavirus recovery fund goes before the European Council on Friday. The Council is unlikely to reach a decision on the fund this week, but analysts hope a verdict will emerge before July.

    • 19 Jun 2020
  • M&G fund manager Eric Lonergan on why we're so angry and what to do about it

    ‘Angrynomics’, a well-timed book on anger and how it relates to politics, economics and finance by Eric Lonergan and Mark Blyth, is published this week. GlobalCapital spoke to Lonergan to discuss its meaning.

    • 18 Jun 2020
  • BNP Paribas names co-heads of sustainable capital markets for Americas

    BNP Paribas has appointed Christina Cho and Anne van Riel to lead its sustainable finance capital markets business in the Americas.

    • 17 Jun 2020
  • Create UK gov fund for SMEs and float it, says MP

    The UK Treasury should set up a £15bn fund for British companies, which could be floated on the stock market in a few years’ time, according to member of parliament Bim Afolami. He also spoke to GlobalCapital about how he thinks the Bank of England could benefit from a new target linked to GDP.

    • 17 Jun 2020
  • GBIF 2020: Necessity is the mother of invention

    A very warm welcome to the Global Borrowers & Investors Forum 2020. This year we’re bringing the conference to you in this special publication — printed, and digitally on our website.

    • 15 Jun 2020
  • Virus opens door to capital markets’ future: risk and control

    The coronavirus pandemic has catapulted capital markets forward in time. Things thought impossible have come about — above all, a sustained flow of credit through a harsh economic downturn. But are the markets heading for utopia or dystopia?

    • 15 Jun 2020
  • Capital markets face permanent changes to working practices

    Lockdowns raised big questions about how capital markets operate. Trading floors — their beating heart — emptied even as the need for the financial blood they pump round the system rocketed. But markets thrived. Now Ralph Sinclair asks how the experience will change the future of work in capital markets.

    • 15 Jun 2020
  • After the virus: what have we learned from the Covid-19 crisis?

    Generals, and financial regulators, are always fighting the last war. So it proved when the coronavirus slammed into international markets in mid-March. Many of the tools developed in the 2008 financial crisis were deployed to great effect by central banks. The corners of the financial markets that propagated weakness in 2008 passed the test of 2020. But new risks were thrown up, forcing a new round of improvisation. What lessons will be drawn from the Covid-19 crisis?

    • 15 Jun 2020
  • Dr Jörg Kukies, State Secretary for Financial Market Policy and European Policy, Federal Ministry of Finance, Germany

    Dr Jörg Kukies, State Secretary for Financial Market Policy and European Policy at the German Federal Ministry of Finance, speaks to GlobalCapital’s Managing Editor, Toby Fildes, on Covid-19, European policy and Germany’s financial markets.

    • 15 Jun 2020
  • Does global finance have an exit strategy?

    Policymakers have responded with impressive speed and purpose to ensure that a global health crisis does not turn into a global financial crisis. But what happens now that their cards have been played, and is there a plan for what to do once the great lockdown is lifted?

    • 15 Jun 2020
  • Banks must be held to high standards in public

    The green bond market lets investors scrutinise the way issuers use their money, promoting good behaviour. Now, the focus is turning to the middle men: the banks. It is a welcome iteration, given their importance in financing either a green or brown future, but we must push them further.

    • 11 Jun 2020
  • IFC shifts ESG focus onto banks with new dealer scorecards

    The International Finance Corp has launched the first systematic process by an issuer to formally integrate environmental, social and governance (ESG) considerations into choosing its bookrunners. Senior funding officials and sustainability bankers have welcomed the initiative as an important evolution in the use of ESG in capital markets, write Burhan Khadbai and Jon Hay.

    • 11 Jun 2020
  • People moves in brief

    NatWest Markets names CEO and CFO — Natixis appoints new managers for UK and Middle East — Barclays' private capital markets boss leaves

    • 11 Jun 2020
  • Public sector specialist Field moves to escrow business

    Simon Field, who spent many years in HSBC’s global banking team looking after public sector clients, has taken up a new position as global head of escrow.

    • 10 Jun 2020
  • SRI bond frameworks could come after deals

    Participants in the sustainable bond market are considering allowing issuers to publish their sustainability frameworks after issuing bonds, instead of before. This would be a major change in market practice.

    • 08 Jun 2020
  • CEB hires funding official from ESM

    The Council of Europe Development Bank has recruited a new member to its funding team with an appointment from fellow supranational borrower, the European Stability Mechanism.

    • 05 Jun 2020
  • TD Securities hires from Cicero for sustainable finance team

    TD Securities has hired Sophie Dejonckheere as a director in its sustainable finance team in London.

    • 02 Jun 2020
  • US regulator warns of lockdown threat to financial stability

    The US Office of the Comptroller of the Currency (OCC) is urging local officials to ease their Covid-19 lockdown measures, warning that some banks are now suffering delinquency rates in the mid-double digits on their small business loan books.

    • 02 Jun 2020
  • Indian bonds hit in secondary after downgrade

    Moody’s Investors Service downgraded the government of India to Baa3 from Baa2 on Monday, triggering bonds from the country to widen in the secondary market.

    • 02 Jun 2020